Logistics and supply chain management integrator Locad is eyeing to establish additional warehouses both in the Philippines and abroad to cover key cities with distributed warehousing.
“We are working on further expanding the network locally in the Philippines to cover major provincial centers, as well as in Southeast Asia to cover key cities with distributed warehousing,” Locad Chief Executive Officer and co-founder Constantin Robertz said.
The company recently received $4.9 million in funding, in a seed round led by Sequoia Capital India’s Surge with participation from Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, and Hustle Fund.
Robertz said that with the fresh funds, the company aims to continuously increase the number of brands it is serving on its logistics cloud and on-demand warehousing network.
He said the company will particularly focus on further enhancing its platform, the Locad logistics cloud, with additional features that support brands in growing their e-commerce business.
Robertz further added that Locad will also expand its distributed warehousing network to increase fulfillment capacity and add warehouses to provide localized fulfillment in more areas.
“We will further expand our fulfillment network and market presence in Asia-Pacific, with Southeast Asia and Australia as key focus areas,” he said.
According to him, the company was built to provide a flexible fulfillment platform for brands to grow their direct to consumer business in e-commerce, by giving access to an integrated platform that covers all the back-end operations of e-commerce.
“We will continue to focus our efforts on helping brands and SMEs (small, medium enterprises) grow their e-commerce business, and the funding helps us to support more brands and continuously enhance Locad’s service offering,” said Robertz.